Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Klingman & Associates LLC

Klingman & Associates LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2,734.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,173 shares of the information services provider’s stock after acquiring an additional 20,426 shares during the quarter. Klingman & Associates LLC’s holdings in Alphabet were worth $2,036,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora boosted its stake in Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the period. Carolina Wealth Advisors LLC boosted its stake in Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares during the period. NewSquare Capital LLC boosted its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after buying an additional 304 shares during the period. Schubert & Co boosted its stake in shares of Alphabet by 1,192.9% during the 3rd quarter. Schubert & Co now owns 362 shares of the information services provider’s stock valued at $35,000 after buying an additional 334 shares during the period. Finally, Corsicana & Co. boosted its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock valued at $38,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on GOOG. JPMorgan Chase & Co. set a $115.00 target price on shares of Alphabet in a research note on Wednesday, October 26th. UBS Group set a $115.00 price objective on shares of Alphabet in a research note on Thursday, January 12th. Jefferies Financial Group set a $125.00 price objective on shares of Alphabet in a research note on Monday, January 9th. Sanford C. Bernstein set a $120.00 price objective on shares of Alphabet in a research note on Thursday, January 12th. Finally, Oppenheimer reduced their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.56.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the sale, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the transaction, the senior vice president now directly owns 76,579 shares in the company, valued at $6,872,965.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares in the company, valued at $2,289,870.30. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ:GOOG opened at $99.28 on Friday. The firm’s 50-day moving average is $93.52 and its 200-day moving average is $102.16. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $152.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The company has a market cap of $1.28 trillion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.63 and a beta of 1.08.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $70.67 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Alphabet Company Profile

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.